May 01 2012
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UN Secretary-General Appoints Abraaj Capital Founder Arif Naqvi to the Global Compact Board
Dubai, UAE, 1 May, 2012: Arif Naqvi, Founder and Group Chief Executive Officer of Abraaj Capital , has been appointed to the Board of the Global Compact by the United Nations Secretary-General, Ban Ki-moon. Mr. Naqvi joins 13 business leaders from across the world and is the only Board member from the private equity industry. The new appointments complete the Board composition, whose members represent all regions of the world and a wide range of industry sectors.
The Global Compact Board is the UN's highest level advisory body involving business, civil society, labor and employers' organizations. The United Nations Global Compact (UNGC) is a strategic policy initiative designed to mobilize businesses which share a commitment to ten universally accepted principles, which encompass human rights, labor, environment, sustainability and anti-corruption.
The appointment of Mr. Naqvi to the Global Compact Board is a reflection of Abraaj Capital 's track record of embedding a stakeholder approach in the markets and communities in which it operates. This approach has been underpinned and driven by the Abraaj Sustainability and Stakeholder Engagement Track (ASSET), a dedicated stakeholder focused engagement program within the Firm. In keeping with international best practice, Abraaj Capital introduced its first integrated sustainability report last year and was amongst the few private equity firms globally to do so.
About Abraaj Capital
The Abraaj Capital group is a leading private equity manager investing in global growth markets. Since inception in 2002, it has raised over US$ 7 billion and distributed around US$ 3 billion to investors. Headquartered in Dubai, the Abraaj Capital group employs over 170 people and has a presence in Riyadh, Istanbul, Cairo, Singapore, Mumbai, London, Karachi, Beirut, Ramallah, Amman, Casablanca, Algiers and Tunis. The group has helped accelerate and facilitate the growth of over 50 companies in 15 countries in the region, in attractive and fundamental sectors such as healthcare, education, energy, aviation and logistics.
In 2011, Abraaj Capital was ranked the largest private equity firm in emerging markets worldwide by Private Equity International. In addition, Abraaj Capital has won many regional and international awards, including the 'Middle Eastern Private Equity Firm of the Year' for seven consecutive years, awarded by Private Equity International.
© Press Release 2012
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